No, we are not shutting down Delicious. While we have determined
that there is not a strategic fit at Yahoo!, we believe there is a
ideal home for Delicious outside of the company where it can be
resourced to the level where it can be competitive.

What is Yahoo! going to do with Delicious?

We’re actively thinking about the future of Delicious and we
believe there is a home outside the company that would make more
sense for the service and our users. We’re in the process of
exploring a variety of options and talking to companies right now.
And we’ll share our plans with you as soon as we can.

Note that Yahoo does not dispute that the entire Delicious team has been fired, though. What kind of sense does this make? We’d like to sell the service, find it a new home, and to help, we’ve fired the entire product team, effective immediately.